All Eyes on CPI: Can Bitcoin's Rally Above $64K Hold? Bitcoin's bounce past $64,000 comes just hours before the July CPI report, a data point traders see as pivotal. A cooler-than-expected 3.4% reading could fuel gains toward $67,500 per some analysts, while a hotter surprise risks a slide below $58,000. ETF inflows and steady Treasury yields are adding support in the meantime. #Bitcoin #InflationData #BTC $BTC ‌

Reviewing the overall market trend today, the broader market came under pressure and pulled back during the day before rallying and rebounding in the evening, with the bulls delivering as expected. Bitcoin reached an intraday low of 63211 and a high of 64450. Ethereum has so far traded between a low of 1859 and a high of 1924. Looking at the current 4-hour chart for the broader market, conditions were volatile during the day, followed by a strong rebound in the evening. The rebound was relatively short-lived, and momentum weakened afterward. Prices then remained under pressure and pulled back to around the levels seen during the morning. The price fell back near the lower Bollinger Band. The overall market trend also resembles yesterday’s movement. Many friends also made gains this evening. Regarding the current trend, based on my personal analysis, we will continue positioning for this rebound and hold core positions to follow the bullish momentum. Bitcoin 63300–62900 long Target 64000–64600 Ethereum 1880–1850 long Target 1910–1940 #GateLaunchpool瓜分141万枚DOS #Gate多项交易指标全球Top4 #韩国半导体出口暴增155%三星涨超4%

$BTC Crypto Circle Academician: 8.13 Bitcoin (BTC) price action repeatedly hunting stop-loss orders—this is the cruel truth of the current market! Latest market analysis 　　 Bitcoin is currently priced at 63,570. The biggest fear when trading crypto is watching the market swing back and forth: rushing to go long after a slight rise, then panic-selling after a couple of drops. Most people lose money not because they cannot understand candlesticks, but because they cannot withstand the temptation of intraday volatility. Bitcoin has recently been consolidating within a range, and many traders cannot hold their positions, getting stopped out again and again. The broader direction has not established a clear one-way trend. Both longs and shorts have short-term opportunities, but absolutely do not blindly go all in with oversized positions. 　　 The daily candlestick is trading below multiple EMA moving averages, with clear resistance from the medium- and long-term moving averages. The EMA30 and EMA60 above are creating double resistance. The DIF and DEA lines of the MACD indicator are converging and moving sideways, while the red and green histogram bars show weak momentum. The Bollinger Bands are narrowing, and the daily chart has entered a low-volume consolidation pattern. The key support below is the previous low at 57,800, while the first resistance above is around 67,300. The daily chart has not yet provided a clear trend direction: there has been neither a strong breakout above to initiate a bullish move nor an effective breakdown below to trigger a deep correction. Overall, this is a repair-and-bottoming phase following a major drop. The broader cycle needs to wait for increased volume to determine a direction, so chasing rallies or selling into declines is not advisable. 　　 The four-hour candlestick is moving within the middle-to-lower Bollinger Band area, while the overall Bollinger Band channel is narrowing and market volatility is being compressed. The short-term EMA15 and EMA30 moving averages are intertwined, with balanced competition between bulls and bears and no clear one-way alignment. The four-hour MACD lines are moving back and forth just below the zero axis, with bullish and bearish momentum alternating and false breakouts appearing from time to time. Resistance above is around 65,500, where the upper Bollinger Band is capping prices, while support below is at 63,100, near the lower Bollinger Band. The four-hour chart is moving within a consolidation box, making it easy for the market to produce wicks that hunt stop-loss orders. Short-term operations must avoid chasing entries; wait for the price to approach the upper or lower boundary of the box before considering a position. The risk-reward ratio is very poor when trading in the middle of the range. 　　 Short-term strategy reference: 　　 Long entry zone: 63,200 to 62,700, stop loss 500 points, target 64,500 to 65,500 　　 Short entry zone: 65,000 to 65,500, stop loss 500 points, target 64,000 to 63,500 　　 Specific operations should be based primarily on real-time order book data. For more information, contact the author. This article was published with a delay and is for reference only. You assume all risks. ‌#Gate多项交易指标全球Top4